Mortgage Rates Go Down Over the Last Week: Today's Mortgage Rates on July 29, 2025
The recent decline in mortgage rates has provided some relief for homebuyers, though rates remain elevated compared to historical averages. According to the latest data, mortgage rates have gone down over the past week, offering a glimmer of hope for those seeking to purchase a home. While any decrease in rates is welcomed, it's important to note that the current rates are still significantly higher than they were a few years ago. This ongoing trend underscores the challenging environment facing many prospective homeowners, who must navigate the balance between rising costs and their financial capabilities. Industry experts will continue to monitor the situation closely, as the fluctuations in mortgage rates can have a significant impact on the housing market and the overall economy.
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